Crypto billionaire Justin Sun has revealed plans to launch a stablecoin that eliminates the need for gas tokens, allowing for free transactions. Sun, the founder of Tron, aims to develop a solution for peer-to-peer transfers without transaction fees. While the specifics of the stablecoin have not been disclosed, Sun intends to integrate it on the Tron blockchain in the fourth quarter. After the Tron implementation, he plans to expand its availability to other Ethereum Virtual Machine-compatible public chains. Sun believes that gas-free stablecoins have the potential to revolutionize the stablecoin market and encourage wider adoption of blockchain technology. Tron currently dominates the peer-to-peer stablecoin transfer market, processing significantly more volume than its competitors. The introduction of Tron’s gas-free stablecoin could provide competition for existing offerings like PayPal’s PYUSD and Circle’s USD Coin. Tron is also exploring the development of a Bitcoin layer-2 solution and utilizing cross-chain protocols to bridge tokens between Bitcoin and Tron networks.
